First Citizens Bank
Program Details
Eligible Professions
MD, DO, DDS, DMD, Residents, Fellows, PA, NP, CRNA, OD, DPM
Citizenship Status
U.S. Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens
Loan Purpose
Purchase
Refinance
Construction-to-Permanent
Renovation
Loan Types
Fixed-rate mortgages
Adjustable-rate mortgages (ARMs)
(Product availability varies by loan amount and occupancy type.)
Key Benefits
Up to 100% financing available
No PMI on medical mortgage products
High loan limits with tiered down payment options
Flexible student loan underwriting, including deferred and income-based repayment plans
Future income accepted — loans may close up to 60 days before start date
Gifted down payments and reserves allowed
No limit on years in practice for established physicians
Loans are retained and serviced in-house
Terms
Primary Residence
100% financing up to $1,000,000
95% financing up to $1,250,000
90% financing up to $1,500,000
80% financing up to $2,000,000
75% financing up to $3,000,000
Second / Vacation Home
89.99% financing up to $1,250,000
85% financing up to $1,500,000
80% financing up to $2,000,000
Construction & Renovation
89.99% financing up to $1,500,000
85% financing up to $1,750,000
Minimum Credit Score: 680
Strengths
One of the most flexible physician programs in terms of borrower types and citizenship
Very high loan limits across all occupancy types
No PMI even at high LTVs
Flexible student loan treatment supports early-career physicians
Accepts future employment contracts
Strong service model with loan servicing retained by the bank
Disclaimers
Program guidelines, rates, and loan limits are subject to change without notice.
All loans are subject to full underwriting approval.
Terms vary by credit profile, property type, occupancy, and state.
Student loan treatment and future income acceptance are subject to documentation and lender discretion.
This summary is based on the White Coat Investor partner page and lender-provided details and should be confirmed directly with First Citizens Bank.
Eligible Degrees
DC
OMS
DDS/DMD
Fellow
Intern
MD/DO
CRNA
NP
OTD/MOT
OD
PharmD
DPT
PA
DPM
RN
Resident
DVM
= Eligible
= Not Eligible
Approved States
FL
GA
MD
NC
SC
TN
VA
WV
WI
BANKER
No Banker Currently Available.
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